Step 1: Setup Sync, and Categorize Banking Feeds
This may sound a bit complicated so let’s break it down a bit:
A. BANK FEEDS SYNC
- Sync bank accounts, credit cards, and PayPal to QBO – only past 90 days by default
- Upload older transactions that are not synced automatically
Here are three steps to upload older statements:
- Get the monthly PDF statements
- Convert them to CSV
- Upload to QBO bank feeds
B. CATEGORIZE TRANSACTIONS
- Assign the correct Vendor, Category, Tags, and Memo
- Bank rules creation
- Categorize, Find Match, and Record Transfers
- For review tab, Categorized, and Excluded tab
In this video series, I will share with you an easy to follow, simple, and effective steps to setting up your books in QuickBooks Online!
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November 21, 2024
